California Statutes
§ 51671. — 51671. (Added by Stats. 1993, Ch. 115, Sec. 4.)
California·Code HSC Health and Safety Code - HSC·Div. 31. DIVISION 31. HOUSING AND HOME FINANCE·Part 4. PART 4. BOND AND LOAN INSURANCE·Ch. 5. CHAPTER 5. Bond Insurance
The agency may insure bonds pursuant to this chapter only if it determines that the proceeds of the bonds will be utilized, to the maximum extent feasible, for one of the following purposes:
(a)Construction or rehabilitation of multifamily rental housing for persons and families of low or moderate income.
(b)Construction or rehabilitation of housing that utilizes federal rental or other subsidies.
(c)Construction or rehabilitation of other dwelling units for persons and families of low or moderate income.
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California § 51671. (51671. (Added by Stats. 1993, Ch. 115, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.